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The differences between relationship account managers and account managers can be seen in a few details. Each job has different responsibilities and duties. It typically takes 6-8 years to become both a relationship account manager and an account manager. Additionally, an account manager has an average salary of $68,535, which is higher than the $65,213 average annual salary of a relationship account manager.
The top three skills for a relationship account manager include account management, CRM and business development. The most important skills for an account manager are customer service, account management, and healthcare.
| Relationship Account Manager | Account Manager | |
| Yearly salary | $65,213 | $68,535 |
| Hourly rate | $31.35 | $32.95 |
| Growth rate | 5% | 5% |
| Number of jobs | 149,358 | 152,261 |
| Job satisfaction | - | 4 |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 70% |
| Average age | 46 | 46 |
| Years of experience | 8 | 8 |
Relationship Account Managers help financial service organizations oversee sales and nourish their relationship with the assigned clients. They are assigned to clients depending on the service needs, product needs, industry, and geography. These professionals ensure the products or services perform to expectations by engaging with the assigned clients. They launch other groups' complementary products or services and recommend new services or products. Also, they ensure new accounts generate more sales revenue by contacting new potential clients.
Account managers are employees who act as the bridge between the company they represent and the client of the company. They are assigned to handle specific clients so that the company will be able to tailor-fit any product or service according to the clients' requirements. Account managers are responsible for maintaining a harmonious relationship between the two parties by ensuring that any agreement made is amenable to both the company and the client. They are also responsible for ensuring that the company will be able to provide the needs of the client within any limitation that the client may have. Account managers also ensure that the company's reputation and well-being are always considered in any dealings.
Relationship account managers and account managers have different pay scales, as shown below.
| Relationship Account Manager | Account Manager | |
| Average salary | $65,213 | $68,535 |
| Salary range | Between $46,000 And $91,000 | Between $42,000 And $110,000 |
| Highest paying City | Richmond, CA | San Francisco, CA |
| Highest paying state | New York | Washington |
| Best paying company | Adobe | NVIDIA |
| Best paying industry | Finance | Technology |
There are a few differences between a relationship account manager and an account manager in terms of educational background:
| Relationship Account Manager | Account Manager | |
| Most common degree | Bachelor's Degree, 73% | Bachelor's Degree, 70% |
| Most common major | Business | Business |
| Most common college | University of Southern California | University of Southern California |
Here are the differences between relationship account managers' and account managers' demographics:
| Relationship Account Manager | Account Manager | |
| Average age | 46 | 46 |
| Gender ratio | Male, 52.9% Female, 47.1% | Male, 54.8% Female, 45.2% |
| Race ratio | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% | Black or African American, 3.2% Unknown, 4.4% Hispanic or Latino, 9.8% Asian, 4.1% White, 78.2% American Indian and Alaska Native, 0.2% |
| LGBT Percentage | 7% | 7% |